Motley Fool Money Hot Jobs, Square Deals, and Hot IPOs
Aug 6, 2021
Micha Kaufman, the CEO and chairman of Fiverr, shares insights into the evolving landscape of freelance work and the company's innovative approach. He discusses Fiverr's mission to streamline freelance services while emphasizing diversity and support for micro businesses. The podcast also covers significant market movements, including Square's $29 billion acquisition of Afterpay and a deep dive into the economic outlook with unexpected job gains. Listeners will find intriguing revelations about the future of work and strategic developments from various notable companies.
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Strong Job Growth
- The US economy added 943,000 jobs in July, exceeding expectations.
- The unemployment rate dropped significantly, from 5.9% to 5.4%.
Square's Acquisition of Afterpay
- Square is acquiring Afterpay for $29 billion, a substantial investment.
- Despite this purchase, Square’s shares rose by 12%.
Etsy's Stock Drop
- Etsy's stock fell despite exceeding profit expectations and 23% revenue growth.
- Investors focused on slowing active buyer growth and future guidance.